PART 6U.K.Miscellaneous FCA functions in relation to the markets in financial instruments directive and markets in financial instruments regulation

Notifications, reports, and applications relating to F1... the markets in financial instruments regulationU.K.

47.—(1) The FCA may direct the manner in which a person must—

(a)notify the FCA, for the purposes of [F2regulation 30(1A)(e)], that the person is making use of the exemption under [F3that regulation];

(b)report to the FCA, for the purposes of [F4the words after paragraph (ii) of sub-paragraph (e) of regulation 30(1A)], the basis on which a person considers an activity [F5described in paragraphs (i) and (ii) of that sub-paragraph] to be ancillary to that person's main business;

(c)make an application for—

(i)a waiver under Article 4 (waivers for equity instruments) of the markets in financial instruments regulation;

(ii)an authorisation under Article 7 (authorisation of deferred publication) of the markets in financial instruments regulation;

(iii)a waiver under Article 9 (waivers for non-equity instruments) of the markets in financial instruments regulation; and

(iv)an authorisation under Article 11 (authorisation of deferred publication) of the markets in financial instruments regulation.

(2) An application mentioned in paragraph (1)(c) must contain or be accompanied by such information as the FCA may reasonably require for the purpose of determining the application.

(3) At any time after receiving an application mentioned in paragraph (1)(c) and before determining it the FCA may require the applicant to provide the FCA with such further information as the FCA reasonably considers necessary to enable the FCA to determine the application.

(4) The FCA may give different directions, and may impose different requirements, in relation to different applications.

Textual Amendments